BURNABY, Canada, March 16, 2016 /PRNewswire/ --
Organic cosmetics products are retrieved from organically grown ingredients and processing it naturally without any addition of chemical. Organic cosmetics are being treated as an essential element of the beauty and personal care & plays a significant role in industry growth. Organic cosmetics have a wide product array sophisticated products focused on antioxidant properties, exfoliation, etc.
Rising concerns regarding the wellness and hygiene of a consumer, growing disposable income, new product development, are few of the major growth drivers of the global organic cosmetics market.
Organic Cosmetics Market: Drivers and Restraints
Global Organic Cosmetics market is pegged to grow at a CAGR of about 10% during the forecast period and is expected to reach around USD16 Billion by 2021. Growing need for chemical-free personal care products coupled with changing lifestyle of consumers regarding organic care, increasing consumer disposable income in emerging economic systems, rising consumer awareness are the major elements which would fuel the development of the organic cosmetics market. Likewise, a growing number of regulatory experts and certification providers offer a friendly regulatory environment which is also driving the development of the marketplace. Also, continuous product innovation is one of the biggest opportunities which is expected to influence the global organic cosmetics market.
The organic skin care segment is dominating the global market and is anticipated to be a major contributor in the organic cosmetics market. Hair care segment is another major contributor in the market which rising on the back of hair related concerns like hair fall, dandruff, etc.
However, limited shelf-life of organic cosmetics, raw material supply and stringent regulatory policies are few of the factors which pose a challenge to organic cosmetics ecosystem.
Organic Cosmetics Market: Segmentation
The Global Organic Cosmetics Market is classified on the basis of type, distribution channel and region.
Global Organic Cosmetics Market, by Product Type
- Skin Care
- Hair Care
- Makeup Cosmetics
Global Organic Cosmetics Market: By Geography
Currently, North America accounted for the largest share in the organic cosmetics market. Europe and Asia-Pacific region govern the second largest and third largest market share, respectively. The demand of organic cosmetics in Latin America is expected to witness promising growth over the next few years in light of increasing consumption of cosmetic products, new product launches, rising disposable income. However, Countries like China and India, in Asia-Pacific region, is expected to witness significant gain over the forecast period. Factors like rising concerns towards ageing, UV effects and hair fall will fuel growth in this region.
Global Organic Cosmetics Market: By Distribution Channel
The major distribution channels relevant to the organic cosmetics include department stores, franchise outlet, beauty specialist store, direct selling, chemists or pharmacies, online shopping and others. Currently, franchise outlet is expected to come out as the most dominating distribution modes and record a double digit growth for the forecast period. Following franchisee outlet is the department store format which is expected to hold second place in terms of growth.
Global Organic Cosmetics Market: Key Players
The Body Shop, Burt's Bee, Estee Lauder, The Hain Celestial Group, Yves Rocher, Amway, Aveda Corp., Arbonne International, Kiehl's, Natura Cosméticos S.A., and L'Occitane en Provence are some of the major players operating in organic cosmetics market.
The Report Covers Exhaustive Analysis on:
- Market Size, Market Share & Forecast
- Segmental Analysis - By Type, By Region & By Company
- Geographical Analysis for following regions:
- North America
- Latin America
- Middle East & Africa
- Market Dynamics (Market Drivers, Challenges & their Impact Analysis)
- Market Trends & Emerging Opportunities
- Competitive Landscape
- Strategic Recommendations
Regional Analysis Includes
- North America (U.S., Canada, Mexico)
- Latin America (Brazil, Argentina)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Russia)
- Asia-Pacific (China, India, Japan, South Korea)
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Key Questions This Study Will Answer
- How do growth rates in the market vary by segment, sub-segments and region?
- What are the most important growth drivers and opportunities in the market?
- What strategies should market competitors employ to gain share in mature segments of the market?
- What are the competitor profiles in this market and how do they compete for market share?
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